·       That the release of all revenue capacity funding provided by Central Government, to support the development of a new ten-year regeneration plan for Skegness be agreed.

·       That the Director of Economic Development, in consultation with the Portfolio Holder for the Coastal Economy and the Neighbourhood Board for Skegness be delegated authority to agree and expend all capacity funding provided by the Government.

·       That the Director of Economic Development, in consultation with the Portfolio Holder for the Coastal Economy and the Neighbourhood Board for Skegness be delegated to approve and enter all of the necessary contractual arrangements to progress the submission of a ten-year Regeneration Plan and four-year investment plan for Skegness.

·       That the Director of Economic Development, in consultation with the interim Director of Finance and Portfolio Holder for the Coastal Economy be delegated authority to the drawdown of up to £40,000 from the Economic Growth Reserve in order to meet the proposed spend outlined at 3.3.

·       That the Director of Economic Development, in consultation with the interim Director of Finance and Portfolio Holder for the Coastal Economy be delegated authority to draw down additional sums from the balance sheet account up to £210,000 to deliver the Plan.